Clarivate $1.8 billion exchange offers
Davis Polk advised Clarivate Plc (“Clarivate”) and Clarivate Science Holdings Corporation (“CSHC”) in connection with CSHC’s offers to exchange approximately $1.8 billion of its senior notes for two new series of CSHC’s outstanding notes. The primary purpose of the exchange offers is to extend the special mandatory redemption provisions in connection with Clarivate’s pending acquisition of ProQuest.
Clarivate is a global leader in providing solutions to accelerate the lifecycle of innovation. Its mission is to help customers solve some of the world’s most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of science and intellectual property. Clarivate helps customers discover, protect and commercialize their inventions using its trusted subscription and technology-based solutions coupled with deep domain expertise.
The Davis Polk corporate team included partner Joseph A. Hall, counsel Dan Gibbons and associates Chris Van Buren, Rahul K. Patel, Elijah D. Jenkins, Stephen H. Karp and Jennifer Tedrick. The finance team included partner Sartaj Gill and associate Jack Orford. The tax team included partner Michael Mollerus. All members of the Davis Polk team are based in the New York office.